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Vienna International Community - Other Top Players - Latest Headlines

Hypo Österreich = Austrian Anadi Bank

Hypo Österreich will be renamed to “Austrian Anadi Bank”.

February 20, 2014

Romania: President Fires Financial Supervision Authority

President Basescu fires the entire staff of the Romanian Financial Supervision Authority (ASF).

February 20, 2014

Serbian Governor: Banking Sector Stable

According to Tabakovic, governor of NBS, the Serbian banking sector was solvent and well-capitalized.

February 20, 2014

Polish PKO BP Tapping into Swedish Leasing Market

Major Polish lender PKO BP has opened a branch of its leasing unit in Sweden.

February 20, 2014

Liebscher: Government Is to Blame

Head of Hypo Group’s Task Force Klaus Liebscher rejects being turned into the scapegoat of delaying important decisions about the downsizing of the problem bank. Instead, he points his finger to the Austrian government.

February 20, 2014

Low Expectations in Nuclear Talks with Iran in Vienna

Optimism among officials about successful talks to end Iran’s nuclear program is restrained.

February 19, 2014

Zeman: Entry in Eurozone Delayed

In a speech to the Lower House ahead of the vote in confidence for the new government Czech President Milos Zeman expressed his dissatisfaction over the latest monetary intervention by the Czech National Bank (CNB).

February 19, 2014

Montenegro Gets Own Embassy in Romania

On Tuesday Montenegro opened its first embassy in Romania.

February 19, 2014

Picker: Hypo to Cost Taxpayers “Only” up to € 4bn

According to CEO of Hypo Group Alpe Adria Picker, the ailing bank will burden taxpayers with “only“ € 4bn at the most. Head of IHS, Keuschnigg, warns the Austrian policy-makers of forwarding costs to bondholders.

February 19, 2014

Czech Republic: New Government Passed Vote of Confidence

The new Czech government under Prime Minister Bohuslav Sobotka has passed the vote of confidence in parliament yesterday.

February 19, 2014

Hypo-Disaster: Government Playing Hide and Seek

After the emergency sitting in the National Assembley, which was demanded by the opposition parties and took place yesterday, the Austrian government refused to answer questions to the press and the public.

February 18, 2014

Conference on Combating Human Trafficking

Joint Council of Europe – OSCE high-level conference on combating human trafficking, 17-18 February at Hofburg, Vienna.

February 18, 2014

Spindelegger Positive about Creation of Financial Transaction Tax

In the run-up to the beginning of the ECOFIN Council in Brussels, negotiations about the further proceeding of the financial transaction tax were held among eleven EU finance ministers.

February 18, 2014

Poland: Strong Prospects for High Growth

Prime Minister Donald Tusk is positive Poland will achive a GDP growth of more than three percent this year.

February 18, 2014

Nowotny: Negative Interest Rate Conveys Feeling of Crisis

Ewald Nowotny, member of the Council of the ECB (European Central Bank) and governor of the Austrian National Bank (OeNB), expressed his rejection regarding a possible negative interest rate for banks.

February 18, 2014

Czech Republic: Government Asks for Vote of Confidence

The new Czech government was appointed at the End of January. On Tuesday Prime Minister Bohuslav Sobotka and his cabinet will ask for a vote of confidence in parliament.

February 18, 2014

Cooperation between Vienna and Warsaw Stock Exchanges to Kickstart 2014

As announced by Adam Maciejewski, CEO of GPW, the operator of the Warsaw Stock Exchange (WSE), the cooperation between WSE and VSE (Vienna Stock Exchange) could be completed this year.

February 17, 2014

Slovenia: Heading for Recovery

Slovenia seems to have circumnavigated the crisis as the small country is not a Eurozone bail-out candidate anymore, according to Prime Minister Bratusek.

February 17, 2014

Austria: Still No Clarity in Hypo Group Disaster

The Austrian parliamentary parties continue to shift the blame onto each other. Details still have not been presented yet.

February 17, 2014

Serbia: Fast Implementations of Reforms Crucial

Tanja Miscevic, chief negotiator in the EU accession talks, announced on Sunday that elections in Serbia are not slowing down the process in European integration.

February 17, 2014

Government Downplaying Effects of Hypo Group Desaster

Today, both Chancellor Werner Faymann and Finance Minister Michael Spindelegger had to explain their actions in regard to Hypo Group Alpe Adria in parliament.

February 17, 2014

Hypo Group: „Austrian Government Has Negotiated Poorly“

In the cause of the nationalized Balkan lender Hypo Group Alpe Adria, the performance of the Austrian government is miserable, according to Austrian economist Christian Keuschnigg.

February 16, 2014

Hypo Group Alpe Adria: Nowotny Attacks Fekter

Governor of the Austrian National Bank (OeNB) Ewald Nowotny criticizes former Minister of Finance Maria Fekter sharply and blames her for inactivity.

February 15, 2014 · Updated: February 15, 2014; 18:19

Kurz: “We Want Serbia to Join EU ASAP”

According to the Austrian Foreign Minister, the prospect of an EU membership could help accelerate the implementation of reforms.

February 14, 2014

EU Puts Limit to State Aids for Hypo Group

So far, € 4.8bn in capital aids had to be injected into ailing bank Hypo Group Alpe Adria. According to an EU statement, the Austrian state is only permitted to spend € 3.65bn on Hypo Group.

February 14, 2014

Slovakia: Vote of No Confidence against PM Failed

The vote of no confidence against Prime Minister Robert Fico failed in parliament.

February 14, 2014

Serbia: FDI of Great Importance for Economy

According to Deputy Prime Minister Vucic, the country’s biggest problem was the rate debt rate and fiscal deficit.

February 14, 2014

„We Were Cheated by BayernLB“

Hannes Androsch, head of the Hypo Group task force, thinks that the former Austrian government has made serious mistakes.

February 13, 2014

IHS Rejects Hypo Group’s Bankruptcy

According to Keuschnig, it is also a question about a “national bankruptcy“.

February 13, 2014

Austria: RBI to Pay Back State Capital in March

€ 1.75bn in state aid will be transferred around March 15 if the Financial Market Authority agrees to the repayment.

February 13, 2014

Spindelegger: “Hypo Already Burdened Budget in Past”

The government has still not yet published figures in regard to the current fiscal burden emerging from the winding-up of problem bank Hypo Group Alpe Adria.

February 13, 2014

Singer: “Forex Interventions Were Right Measures”

Miroslav Singer, Governor of the Czech National Bank (CNB), considers the forex intervention and the weakening of the Czech Crown as the right measures in the light of the most recent inflation figures.

February 13, 2014

Testimony Against Former Kazakh Diplomat

Today, a press conference about suspected damaged persons by former Kazakh ambassador to Austria, Rahat Aliyev, who is alleged to have disappeared in Malta, will take place at the Media Quarter Marx in Vienna.

February 13, 2014

Immofinanz Kicking Off IPO of Buwog

Listed real estate company Immofinanz is kicking off its inital puplic offering of residential real estate affiliate Buwog.

February 13, 2014

Hypo Group: Emergency Sitting in National Assembley Fixed

An extraordinary session in the National Assembley will take place next Monday in regard to Hypo Group Alpe Adria.

February 12, 2014

Cernko: Wealthy to Support R&D in Austria

The CEO of Bank Austria calls upon the Austrian government to take into consideration the funding of research and development by wealthy individuals and regard this as part of their “tax duty”.

February 12, 2014

Hypo Group: Bad Bank Active at Least 10 Years

Austria’s rating by Standard & Poor’s (“AA+”, stable outlook) is currently not compromised. Because of the establishing of the bad bank the debt rate will rise four to six percent.

February 12, 2014

Hypo-Disaster: Harsh Criticism from Opposition

The opposition parties have expressed their unanimous criticism about the government failing to come to a joint decision with the Austrian banks and consequently forwarding all costs to the taxpayers.

February 11, 2014

Ukraine: Tough Market for Foreign Banks

The coming two years will be challenging for foreign banks operating in Ukraine.

February 11, 2014

Vienna Insurance Group Shines in the Czech Republic

VIG continues to expand its market leadership in its largest CEE market.

February 11, 2014

Austria: Hypo Group Becomes Fiasco for Taxpayers

The most expensive solution for the winding up of troubled Hypo Group becomes imminent.

February 11, 2014

Austria: Bank Participation for Hypo Off

A participation model with Austrian banks can be ruled out for ailing Hypo Group. Instead, a more expensive version will be applied.

February 10, 2014

CEE: Still Growth Market in Real Estate Sector

The region is still a growth market in the real estate sector even after the crisis. However, the legal situation in some CEE countries can be a pitfall to real estate companies.

February 10, 2014

Ukraine: RBI Examines Offers

Raiffeisen Bank International (RBI) has received a total of twelve offers for its Ukranian affiliate.

February 10, 2014

Serbia: Inflation Requires New IMF Agreement

In the light of a devaluation of the Dinar Serbia needs a new agreement with the IMF to improve funding and accelerate the realization of reforms.

February 10, 2014

Spindelegger Insists on Austrian Bank Secret

On Friday the Finance Ministry confirmed to the Austrian Press Agency (APA) that there is “momentum in the field” in regard to disclosure of information about bank accounts of foreigners.

February 10, 2014

Hypo Group Alpe Adria: Sevelda Rejects „Joint Bad Bank“

Karl Sevelda, CEO of Vienna-listed RBI (Raiffeisen Bank International), does not want to become shareholder of the common bad bank for the nationalized lender Hypo Group Alpe Adria.

February 9, 2014

Why Austria´s Finance Minister Has to Go

Austrian Minister of Finance Michael Spindelegger is everything but firmly in his saddle. Behind the scenes, the fight for Spindelegger´s succession has started with full strength.

February 8, 2014

“We Want to Return to the Mainstream”

The new Czech Prime Minister Bohuslav Sobotka announced that the country will become a member of the EU Fiscal Pact.

February 7, 2014

Czech Republic. Euro Adoption Causes Dispute Within the Cabinet

Czech Minister of Foreign Affairs Lubomir Zaoralek (CSSD – Czech Social Democrats) wants to adopt the euro as soon as possible. Minister of Finance Andrej Babis rejects that idea.

February 7, 2014